Tag Archives: euro

German Finance Minister Wolfgang Schaeuble suggested that Greece should issue IOUs in order to meet some of its domestic payment obligations. According to information of German daily Handelsblatt, Schaueble suggested the IOUs option during discussions with other euro zone finance ministers at the Eurogroup meeting yesterday, Monday. Citing eurogroup participants, …

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The Monetary Union proved to be bad for Europe, for the idea of the European Project. Member states abandoned sovereignty as they cannot print money. They transferred financial and political independence to European Central Bank. It was a bad idea, anyway, as there wasonly monetary but not fiscal union. And …

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In a poll conducted June 3rd and 4th but before Greece decided to ‘bundle’ its four trances to the IMF into, the overwhelming majority of Greeks responded that they wanted the country to remain in the eurozone and the Euro as currency. Question: Euro or Our own Currency? Answers: 74% …

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The Euro went up Monday noon when a wild rumor was sweeping through traders’ desks and markets’ floors and social media, preferably on Twitter.. According to the unsourced rumor a Greek deal was to be announced in the afternoon. Soon, an official from the Institutions confirmed that the rumor was …

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A parallel currency in a parallel universe full of little parallel eurozones? German Finance Minister Wolfgang Schaeuble has reportedly said that Greece may have to invent a “parallel currency” alongside with the euro, if negotiations with the country’s creditors stall. Business Insider reports that Bloomberg reports that hardliner Schaeuble reportedly …

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It has been confirmed again and again, despite Schaeubles & Co, despite the harsh austerity, despite the internal devaluation of the people’s incomes due to inability to devalue the common currency: The majority of Greeks want the country to remain in the Eurozone. Even if this mean a new bailout …

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The “Grexit”scenarios have been around, alive and kicking already since last December, when the conservative ex PM made them top slogan against the left-wing. #Grexit” script-writers gave it a new boost right after the elections in January and when it became obvious that the new Greek new government had no …

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80 percent of the Greeks approve they way the Greek government deals with the lenders, EU, IMF and ECB. The public opinion polls was conducted12-17 February, that is in the time period SYRIZA was negotiating with the Eurogroup partners, and one day after Greece rejected the Dijsselbloem draft on February …

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No one doubts that Germany is the winner of the Eurogroup crisis with Greece. German exports win from the Euro tumbling.., and tumbling … and tumbling towards USD.   via Zerohedge.com  

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Swiss chocolates bought in Swiss Francs? Oh, no! Or “much better,” after all? How does the lifting of euro cap by Swiss National Bank affect the Greek debt? I asked this question to economist “Cheshire Cat” and here is his analysis! Doors open wider for Merkel and Tripras to do …

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The decision of Swiss National Bank to abandon the cap of the value of Swiss Franc against the euro has shocked the markets and pushed Switzerland’s national currency to soar up to 30%. Exchange rate before decision: 1 euro = 1.20 Swiss Franc after decision: 1 Swiss Franc = 0.805 …

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Finally! Enough with the Grexit nonsense! After days of frenzy Grexit scenarios, that plunged the euro and the stock markets, the European Union’s executive Commission said that membership in the euro bloc is “irrevocable”. However it left open to what extent Greece could renegotiate the terms after the Jan. 25 …

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They dig their own graves and fall inside. All these Merkels & Cos, all these Samaras & Friends and all these international media who have adopted Antonis Samaras’ stance that a left-wing SYRIZa government will push Greece out of the eurozone. The euro plunged into a nine-year low on Monday …

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Two seem to be the key features of Greece’s new Finance Minister Gikas Hardouvelis: that he knows the euro mechanism and he knows the banks.  Hardouvelis is a professor of Finance & Economics at the University of Piraeus and Cheif Economist and Director of Research at the EUROBANK. He served …

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It looks as if slowly thε international community starts to realize that the grip of Troika’s imposed austerity leads to nowhere. Or better say: strict and merciless austerity leads right to the sharp teeth of a monster eating our flesh, to paraphrase the article “The euro’s hellhound -It is time …

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Germany profits considerably form the euro even in case of high write-offs due to debt cuts of South European crisis sates, like Greece, Portugal, Spain. This is the result of a model calculation conducted by Prognos AG for German Bertelsmann Foundation. “Adding up the growth benefits of Euro membership results …

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The idea to bail-in banks with depositors’ money will soon be more than just an idea – or a “Cyprus template” as Eurogroup head Jeroen Dijsselbloem said two weeks ago. It will be decided through an EU directive, as economic affairs commissioner Olli Rehn announced on Saturday in a television …

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Hundreds of millions of euro bank notes arrived to Cyprus per airplane, Cypriot media reported.  The plane had taken off from Frankfurt and landed on the island in the afternoon. A huge police operation was staged to carry the bank notes and distribute them  to several banks on the island as …

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Unbelievable! German Chancellor Angela Merkel arrived in Athens wearing a lime green jacket. A jacket she also was wearing when she watched the football match between Germany and Greece. In June 22, 2012 during the EURO tournament. When broke Greeks went home defeated 4-2 by the German team. Euphoric: German Chancellor …

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 The new austerity package of 11.5 billion euro is “unjust” and it won’t not effective. This is opinion of the majority of Greeks (90.6%) according to a public opinion survey conducted by MPB for the newspaper Real News. 90.6% of the respondents consider the additional austerity measures as unjust as …

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